Connecting the energy industry

For more than half a century, CE Franklin has been a leading supplier of products and services to the energy industry. CE Franklin distributes pipe, valves, flanges, fittings, production equipment, tubular products and other general oilfield supplies to oil and gas producers in Canada. These products are distributed through its 44 branches, which are situated in towns and cities serving particular oil and gas fields of the western Canadian sedimentary basin. In addition, the Company distributes pipe, valves, flanges and fittings to the oilsands, refining, heavy oil and petrochemical industries and non-oilfield related industries such as the forestry and mining industries.

We serve our customers through an extensive network of branches, managed customer warehouses and offsite inventory stocking locations. All are connected by state-of-the-art technology that offers our customers an efficient supply chain man­agement system.

Shares of CE Franklin trade on the Toronto Stock Exchange under the symbol "CFT" and on the American Stock Exchange under the symbol "CFK." At December 31, 2006, there were 18.2 million common shares of the Company issued and outstand­ing. Smith International, Inc., the parent company of CE Franklin’s North American partner Wilson Supply, owns approximately 54% of the Company's outstanding shares.

Operating Values

• Integrity We adhere to the highest ethical standards.
• Credibility We say what we mean and do what we say.
• Performance We are committed to excellence in everything we do; we strive for continuous improvement; we are passionate about exceeding expectations.
• Teamwork We achieve success by working as a team.
• Service Ethic We are driven by the needs of our customers, both external and internal; they are met by interested, competent, passionate individuals. Our success depends upon that of our customers.
• Trust We trust, respect and support each other and we strive to earn the trust of our colleagues and partners
• Responsibility We take responsibility as individuals and as teams for our actions and we hold ourselves accountable.
• Community We belong and contribute to the communities that we operate within through our actions and commitment to safety, our environmental responsibility and our personal involvement.

Shared Success

Providing superior customer service Service with the personal touch remains our priority at CE Franklin. No matter how customers contact us, over the phone, in person, or through Online Purchasing, we offer the highest level of customer service, the quickest and most efficient access to products, at competitive prices.

Accessing the globe CE Franklin's head office is in Calgary, Alberta, Canada, but with our online capabilities, our products can be accessed over the Internet from around the world.

Building value CE Franklin is a public company, trading on the Toronto Stock Exchange under the symbol CFT and on the American Stock Exchange under the symbol CFK. Our goal remains to strengthen shareholder value by building an efficient and service-oriented international company with a dominant market share.